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Blackheath Resources

TSXV:BHR
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BHR
TSXV
CA$494K
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Blackheath Resources Inc. engages in the exploration, development, and production of mineral properties in Northern Portugal. The last earnings update was 111 days ago. More info.


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  • Blackheath Resources has significant price volatility in the past 3 months.
BHR Share Price and Events
7 Day Returns
-33.3%
TSXV:BHR
0.1%
CA Metals and Mining
0.7%
CA Market
1 Year Returns
-77.8%
TSXV:BHR
-7.9%
CA Metals and Mining
-0.1%
CA Market
BHR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Blackheath Resources (BHR) -33.3% -33.3% 0% -77.8% -92.6% -96.6%
CA Metals and Mining 0.1% 1.5% 10.1% -7.9% 5.7% -23.5%
CA Market 0.7% 1.6% 11.5% -0.1% 15.4% 5%
1 Year Return vs Industry and Market
  • BHR underperformed the Metals and Mining industry which returned -7.9% over the past year.
  • BHR underperformed the Market in Canada which returned -0.1% over the past year.
Price Volatility
BHR
Industry
5yr Volatility vs Market

BHR Value

 Is Blackheath Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

In this section, we usually try to help investors determine whether Blackheath Resources is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Blackheath Resources has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Blackheath Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.01.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Blackheath Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Blackheath Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:BHR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.01
TSXV:BHR Share Price ** TSXV (2019-03-18) in CAD CA$0.01
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.41x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.84x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Blackheath Resources.

TSXV:BHR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:BHR Share Price ÷ EPS (both in CAD)

= 0.01 ÷ -0.01

-1.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Blackheath Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Blackheath Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Blackheath Resources's expected growth come at a high price?
Raw Data
TSXV:BHR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.69x
Canada Market PEG Ratio Median Figure of 251 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Blackheath Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Blackheath Resources's assets?
Raw Data
TSXV:BHR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$0.00
TSXV:BHR Share Price * TSXV (2019-03-18) in CAD CA$0.01
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.45x
Canada Market PB Ratio Median Figure of 2,348 Publicly-Listed Companies 1.57x
TSXV:BHR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:BHR Share Price ÷ Book Value per Share (both in CAD)

= 0.01 ÷ 0.00

-5.32x

* Primary Listing of Blackheath Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Blackheath Resources has negative assets, we can't compare the value of its assets to the CA Metals and Mining industry average.

Next steps:

  1. Take a look at our analysis of BHR’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Blackheath Resources's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Metals and Mining industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Blackheath Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Blackheath Resources has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BHR Future Performance

 How is Blackheath Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Blackheath Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
33.7%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Blackheath Resources expected to grow at an attractive rate?
  • Unable to compare Blackheath Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Blackheath Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Blackheath Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:BHR Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.7%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:BHR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:BHR Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 0 0
2018-06-30 0 0
2018-03-31 0 0
2017-12-31 0 0
2017-09-30 0 0
2017-06-30 0 -1
2017-03-31 -1 -1
2016-12-31 -1 -1
2016-09-30 -1 -1
2016-06-30 -1 -1
2016-03-31 -1 -1
2015-12-31 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Blackheath Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Blackheath Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:BHR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Blackheath Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:BHR Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 -0.02
2016-12-31 -0.02
2016-09-30 -0.03
2016-06-30 -0.03
2016-03-31 -0.03
2015-12-31 -0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Blackheath Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of BHR’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Blackheath Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Blackheath Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Blackheath Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Blackheath Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BHR Past Performance

  How has Blackheath Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Blackheath Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Blackheath Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Blackheath Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Blackheath Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Blackheath Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Blackheath Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:BHR Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -0.46 0.45
2018-06-30 -0.45 0.43
2018-03-31 -0.45 0.45
2017-12-31 -0.43 0.42
2017-09-30 -0.36 0.34
2017-06-30 -0.51 0.49
2017-03-31 -0.67 0.65
2016-12-31 -0.77 0.74
2016-09-30 -1.07 1.05
2016-06-30 -1.05 1.03
2016-03-31 -1.08 1.05
2015-12-31 -1.22 1.18
2015-09-30 -1.43 1.39
2015-06-30 -2.10 2.05
2015-03-31 -2.59 2.52
2014-12-31 -2.73 2.68
2014-09-30 -2.71 2.67
2014-06-30 -2.38 2.35
2014-03-31 -2.12 2.12
2013-12-31 -2.00 2.00
2013-09-30 -1.96 1.94
2013-06-30 -1.69 1.64
2013-03-31 -1.28 1.22
2012-12-31 -0.94 0.89
2012-09-30 -0.57 0.54
2012-06-30 -0.54 0.54
2012-03-31 -0.57 0.56

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Blackheath Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Blackheath Resources has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Blackheath Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Blackheath Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Blackheath Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BHR Health

 How is Blackheath Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Blackheath Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Blackheath Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Blackheath Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Blackheath Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Blackheath Resources has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Blackheath Resources Company Filings, last reported 5 months ago.

TSXV:BHR Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 -0.09 0.02 0.02
2018-06-30 -0.04 0.01 0.03
2018-03-31 0.02 0.00 0.04
2017-12-31 0.12 0.00 0.05
2017-09-30 0.34 0.00 0.19
2017-06-30 0.21 0.00 0.13
2017-03-31 0.12 0.00 0.06
2016-12-31 0.21 0.00 0.12
2016-09-30 0.35 0.00 0.15
2016-06-30 0.51 0.00 0.35
2016-03-31 0.08 0.00 0.11
2015-12-31 0.26 0.00 0.19
2015-09-30 -0.04 0.00 0.03
2015-06-30 0.16 0.00 0.13
2015-03-31 0.41 0.00 0.34
2014-12-31 0.73 0.00 0.65
2014-09-30 0.74 0.00 0.48
2014-06-30 1.61 0.00 1.37
2014-03-31 1.13 0.00 0.86
2013-12-31 0.91 0.00 0.58
2013-09-30 1.07 0.00 0.84
2013-06-30 1.61 0.00 1.43
2013-03-31 2.03 0.00 1.85
2012-12-31 0.77 0.00 0.75
2012-09-30 1.31 0.00 1.26
2012-06-30 0.34 0.00 0.04
2012-03-31 0.39 0.00 0.14
  • Blackheath Resources has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Blackheath Resources's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Blackheath Resources has less than a year of cash runway based on current free cash flow.
  • Blackheath Resources has less than a year of cash runway if free cash flow continues to reduce at historical rates of -47% each year.
X
Financial health checks
We assess Blackheath Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Blackheath Resources has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BHR Dividends

 What is Blackheath Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Blackheath Resources dividends.
If you bought CA$2,000 of Blackheath Resources shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Blackheath Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Blackheath Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:BHR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Blackheath Resources has not reported any payouts.
  • Unable to verify if Blackheath Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Blackheath Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Blackheath Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Blackheath Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Blackheath Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Blackheath Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BHR Management

 What is the CEO of Blackheath Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Alex Langer
COMPENSATION CA$0
AGE 33
TENURE AS CEO 3.3 years
CEO Bio

Mr. Alexander Langer, also known as Alex, has been the President at Blackheath Resources Inc. since June 2014 and has been its Chief Executive Officer since December 1, 2015. Mr. Langer was Vice-President of Capital Markets at Volcanic Gold Mines Inc. since March 9, 2017 until 2019. He has over 13 years of experience in capital markets within the resource sector. He served as Vice President of Corporate Development at Blackheath Resources Inc. Mr. Langer served as Vice President of Capital Markets of Oracle Mining Corp. (formerly, Gold Hawk Resources Inc.). He served as Director of Sales at ERA Ecosystem Restoration Associates Inc. (also known as Ecosystem Restoration Associates Inc.). Mr. Langer served as the Senior Manager of Investor Relations and Corporate Communications at Offsetters Climate Solutions Inc. (now known as NatureBank Asset Management Inc.). Mr. Langer served as an Investment Advisor of Canaccord Capital Corporation. For 2 and half years, he has been with ERA Carbon Offsets as Director of Sales and Marketing. He served as Vice President of Corporate Communications at Oracle Mining Corp. since June 1, 2011. Prior to ERA, he served as an Investment Advisor with Canaccord Capital Ltd for 4 years. He served as an Investment Advisor of CanaccordGenuity. He has a broad range of knowledge in both retail and institutional sales and has developed multiple sales, marketing, communications and investor relations strategies for ERA. He serves as a Director of Ptolemy Capital, a London based Capital Markets advisory firm. He served as a Director of High North Resources Ltd since October 26, 2010 until February 22, 2013. Mr. Langer serves as a Director at Seashore Resource Partners Corp.. Mr. Langer graduated in Marketing and Financial Planning from BCIT and graduated from the University of Toronto’s Centre for the Environment with a Certificate in Carbon Finance.

CEO Compensation
  • Alex's compensation has been consistent with company performance over the past year.
  • Alex's remuneration is lower than average for companies of similar size in Canada.
Management Team

Alex Langer

TITLE
CEO & President
AGE
33
TENURE
3.3 yrs

Kerry Spong

TITLE
CFO, Corporate Secretary & Director
AGE
58
TENURE
7.8 yrs
Board of Directors Tenure

Average tenure and age of the Blackheath Resources board of directors in years:

3.3
Average Tenure
65
Average Age
  • The tenure for the Blackheath Resources board of directors is about average.
Board of Directors

James Robertson

TITLE
Chairman
AGE
73
TENURE
3.3 yrs

Kerry Spong

TITLE
CFO, Corporate Secretary & Director
AGE
58
TENURE
7.8 yrs

Jonathan Carter

TITLE
Director
AGE
62
TENURE
7.8 yrs

Merv Roberts

TITLE
Member of Advisory Committee
AGE
68
TENURE
2.2 yrs

David Rokoss

TITLE
Director
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Blackheath Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Blackheath Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BHR News

Simply Wall St News

Do Directors Own Blackheath Resources Inc. (CVE:BHR) Shares?

A look at the shareholders of Blackheath Resources Inc. … Blackheath Resources is not a large company by global standards. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

How Does Investing In Blackheath Resources Inc (CVE:BHR) Impact Your Portfolio?

If you're interested in Blackheath Resources Inc (CVE:BHR), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

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How Much is Blackheath Resources Inc's (CVE:BHR) CEO Getting Paid?

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor. … CEOs leading companies of similar size and profitability

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Who Are The Major Shareholders Of Blackheath Resources Inc (CVE:BHR)?

In this article, I'm going to take a look at Blackheath Resources Inc’s (CVE:BHR) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

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Is Blackheath Resources Inc's (CVE:BHR) CEO Pay Fair?

TSXV:BHR Past Future Earnings May 25th 18 Is BHR's CEO overpaid relative to the market? … Typically I'd use market cap and profit as factors determining performance, however, BHR's negative earnings lower the effectiveness of this method. … Next Steps: Hopefully this article has given you insight on how shareholders should think about BHR's governance policies such as CEO pay.

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Who Are The Largest Shareholders In Blackheath Resources Inc (CVE:BHR)?

In this article, I'm going to take a look at Blackheath Resources Inc’s (TSXV:BHR) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Check out our latest analysis for Blackheath Resources TSXV:BHR Ownership_summary Apr 19th 18 Institutional Ownership Institutional investors are one of the largest group of market participants and their buy-sell decisions on a company's stock can significantly impact prices, more so, when there are relatively small amounts of shares available on the market to trade. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: Institutional ownership in BHR is not at a level that would concern investors.

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Should You Be Holding Blackheath Resources Inc (CVE:BHR) Right Now?

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … BHR's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … I examine BHR’s ratio of fixed assets to total assets to see whether the company is highly exposed to the risk of this type of constraint.

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Is Blackheath Resources Inc (CVE:BHR) An Industry Laggard Or Leader?

Blackheath Resources Inc (TSXV:BHR), a CADCA$3.21M small-cap, is a metals and mining operating in an industry which supplies materials for construction. … Check out our latest analysis for Blackheath Resources What’s the catalyst for Blackheath Resources's sector growth? … Blackheath Resources recently delivered an industry-beating growth rate in earnings, which is a positive for shareholders.

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Why Blackheath Resources Inc's (CVE:BHR) Ownership Structure Is Important

In this article, I will take a quick look at Blackheath Resources Inc’s (TSXV:BHR) recent ownership structure – an unconventional investing subject, but an important one. … View our latest analysis for Blackheath Resources TSXV:BHR Ownership_summary Dec 28th 17 Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses.

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Does Blackheath Resources Inc's (TSXV:BHR) CEO Pay Compared Well With Peers?

TSXV:BHR Past Future Earnings Dec 10th 17 Is BHR's CEO overpaid relative to the market? … Usually I'd use market cap and profit as factors determining performance, however, BHR's negative earnings reduces the effectiveness of this method. … Regardless of whether Langer's pay is above or below peers, the more important factors to look at is BHR's track record of performance and future outlook moving forward.

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BHR Company Info

Description

Blackheath Resources Inc. engages in the exploration, development, and production of mineral properties in Northern Portugal. It holds interests in the Borralha tungsten property that covers an area of 93 square kilometers located in the municipalities of Montalegre and Veira do Minho; and the Bejanca tungsten/tin property covering an area of 70 square kilometers located in the municipalities of Viseu, Vouzela, and San Pedro do Sul. Blackheath Resources Inc. was incorporated in 2011 and is based in Vancouver, Canada.

Details
Name: Blackheath Resources Inc.
BHR
Exchange: TSXV
Founded: 2011
CA$494,361
49,436,175
Website: http://www.blackheathresources.com
Address: Blackheath Resources Inc.
850 West Hastings Street,
Suite 306,
Vancouver,
British Columbia, V6C 1E1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV BHR Common Shares TSX Venture Exchange CA CAD 12. Jul 2012
Number of employees
Current staff
Staff numbers
0
Blackheath Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 00:27
End of day share price update: 2019/03/18 00:00
Last earnings filing: 2018/11/28
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.